Jefferies Maintains a 'Hold' on TreeHouse Foods (THS); Acquiring Naturally Fresh
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Price: $24.43 --0%
Rating Summary:
11 Buy, 13 Hold, 0 Sell
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Hold' on TreeHouse Foods (NYSE: THS) price target raised from $60 to $62.
Analyst, Thilo Wrede, said, "THS announced the $25 million acquisition of Naturally Fresh, a maker of salad dressings, sauces and dips. While this is a very small acquisition by THS’ standards, it expands THS’ refrigerated business and could be a platform for future expansion in this segment. It also complements THS’ existing product portfolio. That being said, we still assume that THS might announce a bigger deal later this year."
Jefferies raises FY12 EPS estimate from $3.07 to $3.11, FY13 from $3.36 to $3.45 and FY14 from $3.52 to $3.62.
For an analyst ratings summary and ratings history on TreeHouse Foods click here. For more ratings news on TreeHouse Foods click here.
Shares of TreeHouse Foods closed at $57.70 yesterday.
Analyst, Thilo Wrede, said, "THS announced the $25 million acquisition of Naturally Fresh, a maker of salad dressings, sauces and dips. While this is a very small acquisition by THS’ standards, it expands THS’ refrigerated business and could be a platform for future expansion in this segment. It also complements THS’ existing product portfolio. That being said, we still assume that THS might announce a bigger deal later this year."
Jefferies raises FY12 EPS estimate from $3.07 to $3.11, FY13 from $3.36 to $3.45 and FY14 from $3.52 to $3.62.
For an analyst ratings summary and ratings history on TreeHouse Foods click here. For more ratings news on TreeHouse Foods click here.
Shares of TreeHouse Foods closed at $57.70 yesterday.
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